Erik Hare's blog

Why hasn’t Mitt Romney released more than one year of tax returns?

Another month, another disappointing jobs report. Following the same patterns as last year, employment gains over the summer are falling far short of what appeared to be momentum building in the winter.

Here we were, having a quiet summer, and suddenly there is news! On a hot Friday heading into what might be a very long weekend for many people there is a lot to talk about. Let’s keep it light, like a salad in place of a big heavy meal. We wouldn’t want the day to feel even heavier than it already does.

In the US, when a bank fails the FDIC swoops in to take control. Often arriving on a Friday, a bank that cannot meet its obligations is often completely re-organized and recapitalized over the weekend and opens for business on Monday as if nothing happened. The executives are pushed out to the street and new management is found, often another bank that can take over as soon as possible.

What is google? If the first thing that comes to mind is “search engine”, you’re not alone – nor far from the mark. 96% of their $38B in revenue last year came from web searches. Years of fairly intense competition from Bing, Yahoo, and a lot of others hasn’t really dented their position at all.